Apple ST: short term rebound
Alternative scenario: the downside breakout of 185.5 would call for 163.2 and 149.8.
Our pivot point is at 185.5.
Our preference: short term rebound.
Alternative scenario: the downside breakout of 185.5 would call for 163.2 and 149.8.
Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (202.2805) but under its 50 day moving average (219.517).
Supports and resistances:
277.1 **
263.5 *
249.8 **
236.2
208.37 (USD-last)
194.2
185.5 **
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